Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA--(Marketwire - Dec. 2, 2009) - Canadian World Fund Limited (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2009 was $4.43, resulting in year-to-date and 12-month NAV returns of 54.4% and 49.2%, respectively. These compare with the 11.4% and 14.1% returns of the benchmark Morgan Stanley Capital International All Country World Index, in Canadian dollar terms, for the same periods.

The closing price for CWF's common shares at November 30, 2009 was $3.11, resulting in year-to-date and 12-month market returns of 36.4% and 55.5%, respectively.

The geographic sector weightings of CWF's investment portfolio at market as of November 30, 2009 were as follows: